Exclusive: Volkswagen in talks to manage Didi fleet, co-develop self-driving cars
BEIJING (Reuters) – Volkswagen AG , the world’s biggest automaker, is in talks to form a joint venture with China’s Didi Chuxing to manage part of the ride-hailing company’s fleet of cars and help develop “purpose-built” vehicles for Didi’s services.
AT&T court fight with U.S. Justice Department heads into closing arguments
WASHINGTON (Reuters) – Lawyers for the U.S. Justice Department and AT&T will give closing arguments on Monday in a trial to determine if the wireless giant, owner of pay TV provider DirecTV, will be allowed to buy movie and TV show maker Time Warner.
World stocks set for positive April as big ticket M&As return
SYDNEY (Reuters) – World stocks are set to notch up a positive month for the first time since January, as a slew of positive earnings from U.S. technology firms and marquee M&A deals help soothe memories of February tremors.
Sainsbury’s in $10 billion swoop on Asda to create top UK supermarket
LONDON (Reuters) – Sainsbury’s has agreed to buy Walmart’s Asda for about 7.3 billion pounds ($10 billion) to create Britain’s biggest supermarket group by market share, overtaking long-standing industry leader Tesco .
Britain’s Sainsbury’s and Asda agree 13.3-billion-pound merger
LONDON (Reuters) – Sainsbury’s and Asda, the UK arm of Walmart , confirmed on Monday they had agreed a 13.3 billion pounds ($18.33 billion) merger to create Britain’s biggest supermarket group by market share, surpassing current leader Tesco .
Asian shares climb as Korea tensions ease, U.S. data eyed
SYDNEY (Reuters) – Asian shares extended gains on Monday as tensions in the Korean Peninsula eased and first-quarter earnings shone, although some investors were cautious about the outlook amid the backdrop of a simmering U.S.-China trade dispute.
Prince Alwaleed’s firm sells Movenpick Hotels to AccorHotels
DUBAI (Reuters) – Prince Alwaleed bin Talal’s Kingdom Holding and its partners have agreed to sell Movenpick Hotels and Resorts to its associate firm AccorHotels .
Fed faces new challenge: A world without labor ‘slack’
WASHINGTON (Reuters) – Business is coming in so fast and workers are in such high demand at AOW Associates Inc, an Albany, New York-based construction firm, that its chief financial officer hired a guy six weeks ago for a job that didn’t exist.
U.S. fast-food price war flares as consumer spending softens
LOS ANGELES (Reuters) – Cheap fast-food “dollar” deals surged in the United States during the first quarter, marking a major shift in strategy as a cool-down in consumer spending sent restaurant chains scrambling for customers.
Australia banking scandal claims more AMP scalps, chairwoman quits
SYDNEY (Reuters) – Australia’s largest-listed wealth manager AMP announced the resignations of its chairwoman and legal counsel on Monday, and slashed its directors’ fees by a quarter as it races to stem the fallout from damaging revelations of miscond…
